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M&T Bank Corporation (MTB) and People's United Financial (PBCTP) have received shareholder approval for their merger, marking a significant step in creating the 11th largest U.S. bank with assets near $200 billion. The merger is expected to enhance service capabilities across 12 states from Maine to Virginia, bolstering a network of over 1,100 branches and 2,000 ATMs. Both companies are poised to meet regulatory requirements and other closing conditions swiftly. M&T's CEO will continue to lead the combined entity, emphasizing shared values and customer commitment.
People's United Financial, Inc. (NASDAQ: PBCT) has declared a quarterly cash dividend of $0.3515625 per share on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock. This dividend is scheduled for payment on March 15, 2021, to shareholders of record as of the close of business on March 1, 2021. With over $63 billion in total assets, People's United Financial operates a network of more than 400 retail locations across several states, offering diverse financial services including commercial and retail banking.
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